DNVN – Total export turnover of agricultural, forestry and fishery products in the first 3 months of 2024 is estimated to reach 13,53 billion USD, up 21,8% over the same period last year. With this result, the entire agriculture, forestry and fishery industry has a trade surplus of 3,36 billion USD in the first quarter of 2024, an increase of 96,5% over the same period last year...
According to the newspaper of the Ministry of Agriculture and Rural Development, in the first quarter of 1, the total export turnover of agricultural, forestry and fishery products in the first 2024 months of 3 is estimated to reach 2024 billion USD, an increase of 13,53% over the same period. last year. With this result, the entire agriculture, forestry and fishery industry has a trade surplus of 21,8 billion USD in the first quarter of 3,36, an increase of 2024% over the same period last year...
China, the US and Japan continue to be the three largest agricultural, forestry and fishery export markets of Vietnam. Of which, the export value to China accounted for 3%, an increase of 20,2%; The US accounted for 18,3%, an increase of 19,9% and Japan accounted for 28,3%, an increase of 7%.
Coffee has become the agricultural export product with the strongest growth in the first quarter of this year. In the first 3 months of 2024, Vietnam exported 799 thousand tons of coffee, earning 1,9 billion USD; increase 44,45% in volume and 54,2% in value over the same period in 2023.
Accordingly, coffee export turnover set a historic record when it nearly reached 2 billion USD after only 3 months. Notably, export coffee prices increased sharply, on average in 3 months reaching 2.373 USD/ton.
“Coffee is the product with the second highest export turnover in the agricultural sector, second only to wood products, and surpassing seafood. With this situation, it is forecast that coffee exports for the whole year of 2 will set a record of 2024 - 5 billion USD," the Ministry of Agriculture and Rural Development forecasts.
Total export turnover of agricultural, forestry and fishery products in the first 3 months of 2024 is estimated to reach 13,53 billion USD.
Also according to the Ministry of Agriculture and Rural Development, rice exports also grew impressively, with an export volume of 2,07 million tons and a turnover of 1,37 billion USD; increased by 12% in volume and 40% in turnover compared to the first 3 months of 2023. Vietnam continues to be one of the three leading rice exporting countries in the world, accounting for about 15% of total global rice exports, next to India and Thailand.
The Philippines is the largest consumer market of Vietnam's rice industry. Currently, Vietnamese rice accounts for 85% of the Philippines' total rice imports.
Indonesia is the second largest rice importer from Vietnam. Currently, Indonesia is experiencing 2 consecutive months of rice deficit due to domestic production falling short of demand. The retail price of high-quality rice in the market is up to 9 USD/kg, exceeding the ceiling price set by the Government of 1,16 USD/kg.
Faced with this situation, price experts recommend that Vietnamese rice exporters need to closely monitor market information and take advantage of opportunities to export rice to the Philippines and Indonesia markets.
However, rice export businesses also need to diversify rice export products, not only focusing on high quality rice products to serve high-income earners, but also need to exploit the potential of medium quality rice to serve a large number of middle and low income people.
For the vegetable industry, in March 3 export turnover reached 2024 million USD. Cumulatively in the first 433 months of 3, fruit and vegetable export turnover reached 2024 billion USD, up 1,23% over the same period last year.
With positive signals from the market, the Ministry of Agriculture and Rural Development forecasts that in 2024 the fruit and vegetable industry will continue to receive new records of 6-6,5 billion USD; growth at 15-20% compared to 2023. China will continue to be a potential market for Vietnamese fruit and vegetable products because of its geographical advantages and many similarities in culinary culture.
ha Anh
